Analyst Bluntz Expects Rise in Fantom (FTM) Among Top 100 Altcoins

Bluntz, an anonymous cryptocurrency analyst known for their accurate predictions, shared their latest update on Ethereum (ETH) and Litecoin (LTC), as well as their expectation for a rise in Fantom (FTM), which is among the top 100 altcoins. Bluntz Expects FTM to Soar Bluntz believes that Fantom, currently ranked 53rd among the top 100 cryptocurrencies by market capitalization, is on the verge of a powerful rally. Based on the technical analysis tool Elliot Wave Theory, Bluntz suggests that FTM appears to have completed a downward three-wave correction formation around an important Fibonacci retracement level. The analyst’s analysis indicates that the altcoin is likely to continue its main upward trend. According to Elliot Wave Theory, a correction occurs in a three-wave phase, while the main trend occurs in a five-wave phase. Regarding Fantom’s local presence, the analyst stated, “FTM has started to form a nice bottom structure. A strong reaction from […] The post Analyst Bluntz Expects Rise in Fantom (FTM) Among Top 100 Altcoins appeared first on COINTURK NEWS.